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Jun 21, 2013 2:00am PDT
into the economy each month. >> gradually reducing the pace of purchases. >> reporter: the second, overnight thursday bad news from china. manufacturing production fell. the economy isn't growing as fast as it had been. the pros say this was bound to happen after months of gains and record highs. in fact, the fed pulling back is a sign the economy is getting better. >> there's no fear or panic going on. we know it's going to be a nice, slow, orderly process to see if our economy can stand on its own again. >> stocks were only part of the bad news. a metal meltdown. gold, the filter is dropping like a rock, losing a quarter of the value this year. don't be afraid to peek at your 401(k). after yesterday's dramatic drop, the dow was up 12.5% this year. >> everything was moving yesterday. interest rates on treasury bonds hit a two-year high. higher mortgage rates, higher car payments could be around the corner. don't despair. stock futures in the u.s. are up a little bit so far. we'll keep monitoring it. >> you used a swear word before we went on air. >> i did. i said darn, that was a horrible d
Jun 20, 2013 2:00am PDT
to moderate the month li purchases later this year. >> it's contingent on the economy improving. unemployment is getting as low as 6.5% next year. that would be nice. currently, it's 7.6%. >>> home prices are rising. enjoy it while it lasts. they rose in may compared to may of 2012. most cities are seeing big, double digit gains. prices in las vegas up 28%. similar moves, san francisco, san jose, phoenix, they were hit hardest by the housing bust. it's bound to slow down as mortgage rates rise. >>> two of the most famous clothing designers. an italian court says they cheated on taxes. they will not serve time in prison, but do community service oar house arrest. they plan to appeal the verdict. >> revolutionize prison jump suits. >> imagine that. >> we spend a lot of time together now. i spend more time with you than my wife. i have not seen her worked up about anything like that. >> the fed is going to withdraw the stimulus. remember all the terrible words, the fed giving a road map for pulling back the stimulus from the economy. it will be next year. that means you won't have $85 billion a
Jun 19, 2013 2:00am PDT
into the economy but with the economy recovering, there's talk the fed may soon turn off that spigot. but when, when, when? investors hoping not soon. sparking a rally yesterday with no clear answer. the dow moving up and down 1 soo points the past six sessions. today, it's b-day, all about ben bernanke. to taper or not to taper. that's the way the banks at cjl puts it. chrysler caved. it took it down to the wire but in the end, chrysler decided to recall 2.7 jeeps. the automaker resisted pressure from the government waited until just the deadline, the government could have forced the recall of all of those jeeps. the jeeps in question, the 1993 to went 03 cherokees and the 2002 to 2007 jeep liberties. chrysler still maintains they are safe but will look over the vehicles -- voluntary recall to look over the vehicles and fix anything that needs to be fixed to avoid a fire. >>> the nsa snooping controversy continues, google filed a first amendment plea against the nsa. google wants to share information with the public about secret government programs. google said its reputation and business hav
Jun 18, 2013 2:00am PDT
to the economy and the stock market when that happens. >>> health care prices are going up. costs rise 6.5% next year. that includes doctor visits, drugs, surgery, prices are rising faster than inflation. that's not a news flash. here is the good news. this year, prizes rose 7.5%. it's because people are becoming more cost conscious. they are cutting down on doctor visits and choosing cheaper providers. >>> coming up, cliff rescue. two teenage boys stranded at the top of the cliff and they had no way down. we'll show you the rescue caught on camera. look at that. it's coming up next. the first time i saw a sony 4k tv, it was like opening my eyes. it's four times the detail of hd. colors become richer. details become clearer. which for a filmmaker, changes everything. because now there are no more barriers between the world that i see and the ones i can show you. the sony 4k ultra hd tv. >>> defending the nsa, president obama on the record about why the controversial surveillance program isn't as invasive as you think. >>> wildfire warning. hundreds of firefighters battle flames in california thi
Search Results 0 to 3 of about 4